Debt Owing to Fund

Defunct Companies are licensees that are deemed defaulting
working interest participants by the AER pursuant to Section 70(2)(b)(iii) of the Oil
and Gas Conservation Act. Defunct Companies can be companies that have
ceased to exist (struck from Alberta corporate registries) or companies that are
determined to be insolvent by the AER.

Below is a list of
expenditures listed by Defunct Company on
orphan properties, i.e. wells, pipelines, facilities and sites that have been designated as orphans
by the AER.

These expenditures represent the debt owed by the Defunct Company (debtor) to
the Orphan Fund.

The AER has created a debtor registry
to provide more transparency about energy development activities, hold regulated companies
more accountable for their actions, and drive industry to improve their performance.

If you have any information that may assist the AER in collecting these debts, contact
collections@aer.ca.

As per the AER Compliance
and Enforcement Program, the AER may initiate proceedings to make a
declaration naming accountable individuals, in accordance with Section 106 of the Oil and Gas
Conservation Act or OGCA. Once named, such individuals may be
prevented from conducting business with the AER on behalf of any licensee in
the capacity of an officer or decision-maker.